Archive for June, 2011

June 2011

June 30, 2011  |   Monthly Commentary   |     |   0 Comment

Investors grappled with the fear of “what if,” as the European debt crisis continued to drag on through much of June. Commencing with the first trading day of the month, risky assets swooned in favor of the relative safety of U.S. Treasury debt. Driving the fear was a concern that the Greek legislature would fail to approve austerity measures mandated by the International Money Fund before additional aid was released. Assuming that the messy and ...